Uhlmann Price Securities LLC Makes New $644,000 Investment in Duke Energy Corporation $DUK

Uhlmann Price Securities LLC acquired a new position in shares of Duke Energy Corporation (NYSE:DUK) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 5,056 shares of the utilities provider’s stock, valued at approximately $644,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Basso Capital Management L.P. acquired a new stake in shares of Duke Energy in the fourth quarter valued at $25,000. Dorato Capital Management purchased a new stake in shares of Duke Energy in the 4th quarter valued at $26,000. Evolution Wealth Management Inc. lifted its stake in Duke Energy by 1,111.1% during the 4th quarter. Evolution Wealth Management Inc. now owns 218 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 200 shares in the last quarter. KERR FINANCIAL PLANNING Corp purchased a new position in Duke Energy during the 3rd quarter valued at about $27,000. Finally, Triumph Capital Management boosted its holdings in Duke Energy by 68.6% during the 4th quarter. Triumph Capital Management now owns 231 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 94 shares during the period. Hedge funds and other institutional investors own 65.31% of the company’s stock.

More Duke Energy News

Here are the key news stories impacting Duke Energy this week:

• Positive Sentiment: Duke Energy is being highlighted as one of the large-cap dividend stocks that retirees are quietly buying, reinforcing its appeal as a steady income name for investors looking for yield and defensive cash flow. 3 Stocks Retirees Are Quietly Loading Up on in June
• Positive Sentiment: Another article also grouped Duke Energy with other utility stocks viewed as sources of passive income, which may support investor interest in the stock’s defensive dividend profile. 3 Utility Stocks For Years of Passive Income
• Positive Sentiment: Mizuho lowered its price target on Duke Energy only modestly to $135 from $139 while keeping an outperform rating, suggesting analysts still see upside from current levels. Mizuho PT Lowered to $135 at Mizuho
• Neutral Sentiment: Duke Energy Florida issued a customer energy-use reminder ahead of summer, which is routine utility communications and not likely to materially move the stock. Summer starts June 21: Duke Energy Florida highlights five key appliances to help customers manage energy use
• Neutral Sentiment: Several local outage reports and safety demonstrations are operational headlines that reflect day-to-day utility issues rather than a major change in Duke Energy’s earnings outlook. Duke Energy: Hundreds of customers without power in Greenville County
• Negative Sentiment: Coverage about a regulator sitting out Duke Energy carbon plan decisions and a separate story about a city examining whether to leave the utility add a bit of regulatory and political uncertainty. Pro-coal state regulator won’t participate in Duke Energy Carbon Plan decisions
• Negative Sentiment: Recent trading commentary noted that Duke Energy has been declining more than the broader market, indicating some near-term pressure on shares. Duke Energy (DUK) Declines More Than Market: Some Information for Investors

Analyst Ratings Changes

Several research analysts have recently commented on DUK shares. Wells Fargo & Company raised their price objective on shares of Duke Energy from $135.00 to $136.00 and gave the company an “equal weight” rating in a research note on Monday, April 20th. Truist Financial cut their target price on shares of Duke Energy from $142.00 to $137.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Barclays reduced their target price on shares of Duke Energy from $143.00 to $134.00 and set an “overweight” rating on the stock in a report on Thursday. UBS Group decreased their price target on shares of Duke Energy from $137.00 to $135.00 in a research report on Monday, May 11th. Finally, Evercore boosted their price target on shares of Duke Energy from $139.00 to $140.00 in a research note on Monday, May 11th. Nine investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.07.

Insider Buying and Selling at Duke Energy

In other Duke Energy news, CEO Harry K. Sideris sold 20,000 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $124.37, for a total value of $2,487,400.00. Following the sale, the chief executive officer directly owned 96,102 shares in the company, valued at $11,952,205.74. This trade represents a 17.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Louis E. Renjel sold 3,500 shares of Duke Energy stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $125.15, for a total value of $438,025.00. Following the sale, the chief executive officer directly owned 21,415 shares of the company’s stock, valued at $2,680,087.25. This trade represents a 14.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.12% of the stock is currently owned by insiders.

Duke Energy Stock Performance

Shares of Duke Energy stock opened at $123.84 on Friday. The business has a 50-day simple moving average of $125.43 and a 200-day simple moving average of $124.06. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.44 and a current ratio of 0.66. Duke Energy Corporation has a one year low of $113.89 and a one year high of $134.49. The company has a market cap of $96.55 billion, a PE ratio of 18.97 and a beta of 0.39.

Duke Energy (NYSE:DUK) last issued its earnings results on Monday, May 4th. The utilities provider reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.06. Duke Energy had a net margin of 15.49% and a return on equity of 9.73%. The firm had revenue of $9.18 billion for the quarter, compared to analysts’ expectations of $8.44 billion. During the same quarter last year, the company earned $1.76 earnings per share. The firm’s revenue was up 11.3% compared to the same quarter last year. On average, equities research analysts forecast that Duke Energy Corporation will post 6.71 EPS for the current fiscal year.

Duke Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Friday, May 15th were given a dividend of $1.065 per share. This represents a $4.26 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, May 15th. Duke Energy’s payout ratio is 65.24%.

Duke Energy Profile

Duke Energy Corporation is a U.S.-based electric power holding company headquartered in Charlotte, North Carolina. The company’s core business is the generation, transmission and distribution of electricity to residential, commercial and industrial customers. Duke Energy operates a mix of regulated electric utilities and non-regulated energy businesses, providing essential energy infrastructure and services across multiple states.

Its operating activities include owning and operating generation assets across a portfolio that encompasses nuclear, natural gas, coal, hydroelectric and an expanding array of renewable resources, as well as battery storage and grid modernization projects.